RAVUS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RAVUS
Largest movements
- Tangible fixed assets -€59,156
down €59,156 (-4.2%), from €1.4m to €1.4m
of which Land and buildings: -€58,080
- Cash +€25,407
up €25,407 (+185.7%), from €13,681 to €39,088
mainly Depreciation (+€59,156) and Receivables within one year (+€582)
- Profit (loss) carried forward -€34,392
down €34,392 (-11.9%), from -€288,324 to -€322,716
- Gross operating margin -€10,310
down €10,310 (-18.1%), from €56,965 to €46,655
- Taxes +€10,103
new in 2025: €10,103
- Other operating charges +€1,111
up €1,111 (+11.7%), from €9,499 to €10,610
- Staff costs +€998
new in 2025: €998
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,428,830 | €1,394,498 | -€34,331 | -2.4% |
| Fixed assets | 21/28 | €1,413,031 | €1,353,875 | -€59,156 | -4.2% |
| Tangible fixed assets | 22/27 | €1,413,031 | €1,353,875 | -€59,156 | -4.2% |
| Land and buildings | 22 | €1,403,348 | €1,345,268 | -€58,080 | -4.1% |
| Plant, machinery and equipment | 23 | €9,683 | €8,607 | -€1,076 | -11.1% |
| Current assets | 29/58 | €15,798 | €40,623 | +€24,825 | +157.1% |
| Amounts receivable within one year | 40/41 | €2,117 | €1,535 | -€582 | -27.5% |
| Trade receivables | 40 | €582 | - | -€582 | |
| Other amounts receivable | 41 | €1,535 | €1,535 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,681 | €39,088 | +€25,407 | +185.7% |
| Total equity and liabilities | 10/49 | €1,428,830 | €1,394,498 | -€34,331 | -2.4% |
| Equity | 10/15 | -€267,864 | -€302,256 | -€34,392 | -12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€288,324 | -€322,716 | -€34,392 | -11.9% |
| Amounts payable | 17/49 | €1,696,693 | €1,696,754 | +€61 | 0.0% |
| Amounts payable within one year | 42/48 | €1,696,693 | €1,696,754 | +€61 | 0.0% |
| Trade debts | 44 | - | €23 | +€23 | |
| Suppliers | 440/4 | - | €23 | +€23 | |
| Other amounts payable | 47/48 | €1,696,693 | €1,696,731 | +€38 | 0.0% |
| Remuneration, social security and pensions | 62 | - | €998 | +€998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,156 | €59,156 | = | 0.0% |
| Other operating charges | 640/8 | €9,499 | €10,610 | +€1,111 | +11.7% |
| Gross operating margin | 9900 | €56,965 | €46,655 | -€10,310 | -18.1% |
| Operating profit (loss) | 9901 | -€11,690 | -€24,110 | -€12,419 | -106.2% |
| Financial charges | 65/66B | €315 | €180 | -€135 | -42.8% |
| Recurring financial charges | 65 | €315 | €180 | -€135 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,005 | -€24,290 | -€12,284 | -102.3% |
| Income taxes | 67/77 | - | €10,103 | +€10,103 | |
| Profit (loss) for the period | 9904 | -€12,005 | -€34,392 | -€22,387 | -186.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,005 | -€34,392 | -€22,387 | -186.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.